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Economists and Public Policy

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Abstract

The large enterprise that I will be examining is the study of economics, and the performance that I will be appraising is not that of corporations but of my colleagues in the economics profession. The particular aspect of their work that I will be examining will be the part that economists play in the determination of public policy.

Keywords

  • Public Policy
  • Government Activity
  • Perfect Competition
  • Public Policy Issue
  • American Economic Association

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

First appeared in J. Fred Weston (ed.), Large Corporations in a Changing Society (New York: New York University Press, 1975). Reprinted in Coase, Essays on Economics and Economists (Chicago: University of Chicago Press, 1994), pp. 47–63.

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Notes

  1. Milton Friedman, ‘The Methodology of Positive Economics’, in Essays in Positive Economics ( Chicago: University of Chicago Press, 1953 ), p. 5.

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  2. Edmund W. Kitch, ‘The Shortage of Natural Gas’, Occasional Paper of the University of Chicago Law School, no. 2 (Chicago, 1971 ).

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  3. Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, vol. 1 of The Glasgow Edition of the Works and Correspondence of Adam Smith, edited by R. H. Campbell and A. S. Skinner ( Oxford: Clarendon Press, 1976 ), p. 524.

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  4. Sam Peltzman, ‘An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments’, Journal of Political Economy (September-October 1973), p. 1049.

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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Coase, R.H. (1999). Economists and Public Policy. In: Klein, D.B. (eds) What do Economists Contribute?. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14913-1_3

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